Examples of Preference Shares in a sentence
The Founders and holders of seventy percent (70%) of the Preference Shares (on an As-If Converted Basis) shall, from time to time agree upon 1 (one) independent director to be appointed to the Board as provided for in Article 36.10 below.
The Founders and the holders of seventy percent (70%) of the Preference Shares (on an As-If Converted Basis) may together replace the Independent Director from time to time.
The Founders and holders of seventy percent (70%) of the Preference Shares (on an As-If Converted Basis) shall, from time to time, agree upon 1 (one) person, preferably based in the United States of America (USA), to be appointed as an independent director of the Company ("Independent Director").
If the number of Equity Shares outstanding at any time after the date hereof is decreased by a combination of the outstanding Equity Shares (without a corresponding combination of the Preference Shares), then, following the record date of such combination, the Conversion Ratio for the Preference Shares shall be appropriately adjusted so that the number of Equity Shares issuable on conversion of each Preference Share shall be decreased in proportion to such decrease in outstanding Equity Shares.
If they propose to nominate any other person, such nomination shall be subject to the approval of the holders of seventy percent (70%) of the Preference Shares (on an As-If Converted Basis).